Judy Shelton Restoring Order to the Global Currency System
Gesara.news » News » Judy Shelton Restoring Order to the Global Currency SystemNews Date: July 21, 2020
President Donald J. Trump Announced Intent to Nominate Individuals to Key Administration Posts,
Judy Shelton of Virginia, to be a Member of the Board of Governors of the Federal Reserve System for the remainder of a 14-year term expiring January 31, 2024.
She is author of:
The Coming Soviet Crash: Gorbachev's Desperate Pursuit of Credit in Western Financial Markets.
Money Meltdown: Restoring Order to the Global Currency System.
Judy Shelton interview on gold standard:
"I like the idea of a gold backed currency, it could even be done in a Cryptocurrency sort of way.
A unified money system, so when you talk about the international marketplace, everyone is playing on a level monetary playing field.
I don't see it so much as returning [to the gold standard], more like 'back to the future.' I think that what a gold standard stands for is monetary discipline for its own sake. Money is supposed to be a unit of account, a reliable measure and a dependable store of value. It really shouldn't be subject to who's the chairman of the Federal Reserve.
How can a dozen [...] people meeting eight times a year, decide what the cost of capital should be versus some kind of organically, market supply determined rate? The Fed is not omniscient. They don't know what the right rate should be. How could anyone? [...] If the success of capitalism depends on someone being smart enough to know what the rate should be on everything we're doomed. We might as well resurrect Gosplan.
A linked system could allow currency convertibility by individuals (as under a gold standard) or foreign central banks (as under Bretton Woods). Either way, it could redress inflationary pressures.
Is it the same guy in Dan Scavino cover pic (in front of airplane)?
We have good extraterrestrials beings protecting POTUS!
President Donald Trump delivered very brief remarks Tuesday during which he celebrated the Dow Jones Industrial Average trading above 30,000 for the first time in history.
That is a sacred number, Nobody thought they would ever see it. That is the ninth time since the beginning of 2020 and it is the 48th time that we have broken records during the Trump administration, and I just want to congratulate all the people within the administration that worked so hard, and most importantly I want to congratulate the people of our country because there are no people like you.
Sources: twitter.com, search4dinar.wordpress.com